Your paycheck each week is $500.00. If you want to save $2000 in one year, how much should you set aside from each paycheck?

Question

Magdalena Case

Mathematics

28 April, 04:10

Your paycheck each week is $500.00. If you want to save $2000 in one year, how much should you set aside from each paycheck?

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Answers (1)

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Porter Dillon · Answer 1

There are 52 weeks in a year. In order to figure out how much you have to save each week to save a total of $2000, you have to divide $2000 by 52.

2000:52 = 38.462

So to save $2000 you would have to set aside about $38.50 each week.